Carrefour puts ‘shrinkflation’ price warnings on food to shame brands • Hacker News Board

Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands

#531

Post by bdsa » Mon, Sep 18, 2023, 4:40 PM UTC

gloria_mundi wrote: post #463

edouard-harris wrote: post #443

While the trend they're highlighting is absolutely real, it looks like the math in their first example isn't quite right: > For example, Carrefour said a bottle of sugar-free peach-flavored Lipton Ice Tea, produced by PepsiCo, shrank to 1.25 liters (0.33 gallons) from 1.5 liters (0.3 gallons), resulting in a 40% effective increase in the price per liter. Assuming the price per unit stayed the same (which is the impli…

They also got the conversion wrong: 1.5 liters is 0.4 gallons, not 0.3.

Imperial gallon vs US gallon

Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands

#532

Post by jjgreen » Tue, Sep 19, 2023, 9:56 AM UTC

inductive_magic wrote: post #523

jjgreen wrote: post #193

Earlier quoted context omitted.

Slangy (like liker ), I prefer it since it's obvious what it means and it does not get confused with the Anglican Church.

It means something different than you're insinuating: https://www.collinsdictionary.com/dictionary/english/english...

It also means something different [1], English is a huge unmanaged language, for a word with a possible interpretation, there will be a reference to that meaning in a dictionary somewhere.

[1] https://www.encyclopedia.com/humanities/encyclopedias-almana...

Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands

#533

Post by bluedays » Tue, Sep 19, 2023, 4:53 PM UTC

thefurdrake wrote: post #455

bluedays wrote: post #436

Earlier quoted context omitted.

Lmao it’s Oakland. In many cases you can just walk a block to the next city. That doesn’t actually prove anything.

> Lmao it’s Oakland. In many cases you can just walk a block to the next city. That doesn’t actually prove anything. From the PLOS article: "There were no detectable changes in purchases of untaxed beverages or sweet snacks or purchases in border areas surrounding cities." From the post you replied to: "without countervailing increases of sales in neighboring markets without the tax." Why do you even bother replying?

It's imperative to recognize the distinction between 'undetectable' and 'nonexistent.' The mere fact that variations were indiscernible does not negate their existence. Rather, it underscores the diffusion of individuals across diverse channels, which may inherently obfuscate discernible patterns. This does not serve as incontrovertible evidence, but merely a testament to the complexity of data distribution among various outlets.

Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands

#534

Post by kortilla » Wed, Sep 20, 2023, 1:58 PM UTC

AstralStorm wrote: post #507

kortilla wrote: post #372

Earlier quoted context omitted.

>How many of these burger joints own the building they operate in? Roughly half. Nearly all of the locally owned ones. >Inflation was a huge problem 10 years ago. It’s why I stopped renting. No it wasn’t. At least not by any quantitative measures.

Rental prices and estate prices have been rising since at least 2010. So much longer than 10 years, but the prices have not risen commensurate to this with a multiplier like they did lately. So, the inflation story is most certainly a lie. The businesses started to charge more because they had an excuse in (a minor) supply shock and fuel price rises. But it's just that, an excuse. Worst case pure inflation is about 1…

You’re bending over backwards to make your narrative fit. These burger restaurants are a blend of major national chains and completely local ones. The local ones absolutely are not “instituting buybacks”.

This is not some corporate conspiracy. The fed’s comments on inflation have made it very clear there is a labor shortage in the services sector that is driving up costs there quickly.

Starting hourly rates at these restaurants are now $20/hr, up from $15 a couple of years ago, and that’s still not enough. Each one of them has hiring signs and is clearly short staffed.

Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands

#535

Post by dlenski » Fri, Sep 22, 2023, 5:58 AM UTC

vineyardmike wrote: post #329

enoch_r wrote: post #317

Earlier quoted context omitted.

> “Market price” is a hallucination that you can ignore. You’re not forced to go along with it. It's a powerful signal containing important information! You don't have to go along with it, but it may be beneficial to others if you do. As an example, we bought a new car in 2019. We were planning to sell our old car but every time we were about to sell it, it came in handy - family came to town and we needed two cars,…

> Someone who valued it more than us got to use the vehicle. Was that greed? You sold it because you could get more money for it. That’s what greed is - you chose more money. You could make the case that you weren’t behaving immorally -not everything in life has to be a charity- but you acted out of a selfish desire for more money. I’d also argue that “value it more” is pretty flimsy. Yes in a shortage the buyer clea…

> > Someone who valued it more than us got to use the vehicle. Was that greed? > > You sold it because you could get more money for it. That’s what greed is - you chose more money.

If "following market price signals to decide what to produce and sell" is greed, then EVERYTHING is greed.

You make clothes on Etsy, and suddenly people will pay more for silver clothes because Beyonce tells her fans to wear silver. So you make more silver clothes, and sell them for more money to more happy buyers… greedy you!

You have a shelf full of books. One of them is signed by a famous author. It's cool to have it as a conversation piece. That author dies, and suddenly the book is worth enough to pay for some needed home repairs. So you sell it… greedy you!